CASH ACCOUNT: cash account is an account in which money transactions are recorded. Cash account can also be seen as a accounting method that records income when it is received and records expenses in the period in which they are paid. Under cash accounting, revenues and expenses are recorded at the time that cash is exchanged when cash is received from a sale, it is recorded in the account as a sale, and when payment is made on an expense, and it’s recorded as an expenses. PERSONAL ACCOUNT: personal accounts are accounts relating to persons or organisation with which the business has transaction with e.g customer, supplier and money lender. The rule of personal account is debit the receiver, credit the giver. The personal accounts comprise debtors, creditor’s account, and capital account, drawings account and bank account. REAL ACCOUNT: Are the accounts relating to all asset and properties, the rules of real account is debit what comes in. Credit what goes out. Examples of real account are cash, bank, building, loans creditors. NOMINAL ACCOUNT: is an account relating to expenses, loses, incomes and gains. Examples of nominal account are sale account, dividend account. They rule of nominal account is debit all incomes and losses, credit all income and losses, credit an income and gains. Nominal accounts also relates to revenue/income and intangible assets.